U.S. China Trade War Explodes: What Happens Next?
The US China Trade War is getting heated. What happens when an immovable object meets an unstoppable force? Only time will tell.
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WHO AM I?
Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.
PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!
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⏱️ Timestamps:
0:00 – Start Here
1:53 – State of the Global Trade War
4:10 – Trade Deficits: Good or Bad?
6:29 – What Does Trump Want?
8:04 – What Does China Think?
9:50 – Why A Deal Hasn’t Been Made
My free newsletter: 🐪 https://humpdays.substack.com
“What is Trump Thinking?” That’s a bold question Cotton. Let’s see if it’s anything. 🤣🤣🤣🤣🤣🤣
Humphrey, you are a calm voice in the storm. Thanks for all of the consistent and quality financial content!
Appreciate you!!
Calm or ignorant? He didn’t share many facts regarding the illegal behaviors of the Chinese govt. Why would he hid that information? Can’t piss off the See See Pee, he might lose money on his YT channel.
he’s gotta keep China happy, they could downvote his content. he’s gotta make a buck
Thanks Humphrey! Great video per usual!
appreciate that!
The common folks are the ones that are really gonna hurt from this
Agreed
@@humphreywe have become to complacent with China, what a shame that our economy depends on another country advantage.
There arn’t any clearly DEFINED goals posts that we are trying to reach with tariffs and that makes all of this seem nebulous/pointless
Yeah because if you make your goals known your enemies are going to do everything they can to ensure you don’t succeed.
@@swarlly100%
@@swarlly Or they can set goals so even if they come up short, they still had smaller goals hit
Right now this administration capitalizes on being vague. If they keep the enemy and problems as vague as possible, then they can drum up much more fear and anger to problems that may or may not warrant that level of emotional involvement from citizens
“Tariffs at the time of this recording… ” Because they change like the weather in TX 😅
i live in TX. its either hot, or less hot. with rare cold snaps. though theres a lot of miles that could also be texas, debatably like a different world.
hahahaha
Thanks Humphrey Yang, you’re very good at explaining these things to us!
Other finance YouTubers have a right leaning approach to the current admin’s decision making. Humphrey is honest and true compared to them.
More like he doesn’t understand the entire picture and why it needs to be done
@@aarongates1171 neither do youi
@@aarongates1171 Enlighten us, Aaron, without using buzzwords.
@@aarongates1171 and you do?
@@QuanNguyen-li8mxits political power move. Economy is just s part of it. Its a show of power to the world, the US is the ultimate power.
Been watching you for years. Love the content and thank you for the unbiased information during these crazy times
His information is totally biased actually and reflects his lack of doing research. He never once mentioned IP theft for example or the fraud and abuse of the “de minimus” policy. A fluff vid.
Great explanation
“Don’t retaliate” So you’re being a bully? I’m confused.
This isn’t bullying; you can seek markets outside the U.S.
@@xiaohu4311😂😂😂😂it’s called blackmail…
@@RunForPeace-hk1cu If it’s extortion, why don’t those countries refuse to cooperate and seek other markets? They won’t die without the U.S.
It’s crazy cause we see this happening and we see the frustrations on Americans but what I never hear is how the Chinese civilians feel about what’s going on. I would love to hear their insight on all of this
Because Chinese civilians don’t have access to free internet 😂
On the surface level, you could say Trump had quite a few sympathizers in China during the election period, but that’s no longer the case.
In Chinese culture, “face” which representing dignity and respect is a big deal. So when Trump and Vince threw insults at China in their speeches, it basically triggered a wave of patriotism among a lot of people.
On the economic level, most regular Chinese consumers don’t really use a lot of American products, except for iPhones and some parts in their computers. Tesla and Buick are pretty popular in China too, but since these products (including iPhones) are made locally, there’s always a chance the companies might set different prices just for the Chinese market.
@kleec495 interesting. I like your speculations on things.. but I don’t think you’re chinese. No offense. We can maybe think on how they feel about it all but I really would rather hear it from an actual Chinese civilian because I wonder if Xi Jinping is anything like Trump and how all of this is affecting them on a personal level.
@ Good observation, I am not Chinese. I just happen to have good exposure of their current situation.
Perhaps an insight from someone who’s actually Chinese would provide more clarity on the question.
@kleec495 exactly
China avoids tariff through Mexico, and other countries.
US avoids tariff through Mexico, and other countries
@@MietoK not really because no one buys US based stuff lol
I live in Vietnam and I literally watch the illegal transshipping practices from my window. I watch Chinese container ships arrive with all the stuff, enters in the port in Vietnam and leave again for America after some paperwork complete so it can be called “Made in Vietnam” and skirt the tariffs. They are so open about it, it’s nuts.
Liberation Day will never not be hilarious. Two days after, people started to wonder if they would have to unretire. 😂
Why is that funny? People are justifiebly scared about their immediate future
Billionaires can’t stop laughing at the pain of the poors
Liquidation Day
You can declare emergency on virtually anything
I honestly knew that once markets really grasps that Trump is serious about tariffs, it’s going to hit hard. If the US cuts itself off from global trade, that isolationism is going to send shockwaves
Yeah, exactly. Investors won’t sit quietly. Once they sense the long term impact of these tariffs, I wouldn’t be surprised if we see a significant market downturn
People are underestimating the ripple effect. Companies that rely on imports or exports will take a hit. We could see a chain reaction affecting everything from tech to manufacturing
The volatility is going to be rough. Honestly, this is where a financial advisor comes into play. I brought one on board when the markets were getting unpredictable, and it was one of the best decisions I made. Helped me navigate these fluctuations and build a strategy that kept me steady
That’s interesting. I’ve been managing on my own, but with all this uncertainty, maybe it’s time to rethink that. Please who do you work with?
My CFA, Kelley Annette Lewis, has assisted me in navigating these complexities efficiently. She is a renowned figure in her field. I used her free consultations to my advantage
It’s so ridiculous that people say China isn’t being fair. You pay them money. They give you the cheap goods you demand. What about that isn’t fair? The tariff rate was never even close to what trump said it was so it was fair as far as economics go.
China sell one thing for 10 that cost 8, made a profit of 2. USA company then import it and sell that stuff for 50, made a profit of 40. so who is benefiting from the trade?
Don’t be so Chinese. China has been manipulating currency, stealing tech, placing insane tariffs and business conditions on foreign corporations and then stealing their businesses, not to mention temu and shein building entire business model on American subsidization of international mailing rates for developing countries, etc. The list is neverending.
@@trex1448don’t be so undereducated: China has many US business operating in China and these businesses are sending money back to the US to benefit the country. List: McDonald’s, Starbucks, KFC, Marriott, Hyatt, Pizza Hut, Apple , ford, GM, Tesla, American movies, Boeing, intel, not to mention all the financial and banking and accounting firms (service sectors). Name any Chinese cars in the US or the equivalent of Starbucks, McDonald’s etc. try to educate yourself.
I live in China and products made in the USA are 3-5 times more expensive than local products due to additional taxes so yeah is unfair that products made outside of China can’t have a more fair condition to compete
@@BAOMANDO oh, you CAN buy US products in China?? I live in the US and I can’t even buy Chinese made phone or cars.😂😂😂. So the Chinese brands can’t EVEN compete let alone a “fair condition” to compete??? Thanks for that educational information.
Now Singapore is going to import from China and sell to the United States with only 10% tariff. That’s what they don’t seem to see
They do and it is being addressed.
I usually look up your videos for updates! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve. Thank you Ms Teresa Sanders, imagine investing $5,000 and received $305,500.
VENTURING into the trading world without the help of a profesionals, trading and expecting profit is like turning water into wine you would need a miracle…
Mrs TERESA SANDERS was my hope during the ‘bear summer’ last year. I did so many mistakes but also learned so much from it, and of course from Teresa Sanders.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional .
She is my family’s personal broker and also a personal broker in many families I’m United State, she’s a licensed broker and a FINRA AGENT in United states
I Started with $2,000 and Withdrew profits
$35,000
This is what happens when you let old people decide our country’s future